DR Congo and IMF strike $2.87 billion deal to boost economic growth and climate resilience

The Democratic Republic of Congo (DRC) and the International Monetary Fund (IMF) have reached a significant agreement to support the country’s economic and climate development with a deal valued at $2.87 billion.

Announced late Wednesday, the deal outlines two major programs designed to stimulate the DRC’s economic growth, boost infrastructure development, and strengthen resilience to climate change.

According to the Congolese Ministry of Finance, the agreement includes a formal three-year program, worth $1.77 billion, aimed at driving inclusive growth and diversifying the economy.

This is complemented by a $1.1 billion climate program under the IMF’s Resilience and Sustainability Facility (RSF), which focuses on supporting the DRC’s transition to a low-carbon economy.

The IMF explained that the three-year formal Economic Program (FEC) is designed to stimulate strong, inclusive growth, create jobs, and improve the standard of living for Congolese citizens.

It will focus on increasing investment in infrastructure and key social sectors while enhancing governance and transparency to help reduce poverty.

The RSF, on the other hand, seeks to assist the DRC in achieving its strategic vision of becoming a “solution country” by fostering a transition to a global low-emission economy and reinforcing resilience against climate shocks.

“The DRC is uniquely positioned to play a central role in the global transition to a low-carbon economy, thanks to its vast forest and water resources, as well as its rich deposits of green minerals,” said Calixte Ahokpossi, the IMF mission chief who visited Kinshasa from October 31 to November 13.

This historic agreement marks a major milestone in the DRC’s economic journey, aligning with the country’s broader vision to tap into its natural resources for sustainable growth and a cleaner, more resilient future.

The funds will be disbursed over the next three years, offering the DRC a vital financial boost to advance both its economic and climate goals.